March 5, 2013
Doing your taxes is not the most pleasant activity in your life - hopefully. However, in the rush of wanting to get your taxes done you may overlook certain important steps. Jim Jelter discusses seven steps that will help you prepare your tax...
March 4, 2013
NEW YORK (MainStreet) — Are you expecting a refund from Uncle Sam this year? Whether you submit your Form 1040 electronically or mail a paper return to the IRS, you should elect to have...
March 1, 2013
Most working parents have only one way of getting a tax break on the expenses they pay for childcare – the special tax credit allowed by law. You get a credit against expenses of up to $3,000 for the care of one child and $6,000 for the care of...
February 28, 2013
Even if you take great care in preparing your federal income tax return, you may realize that some of the information you provided is missing...
February 27, 2013
NEW YORK (MainStreet) — Did you move because of a new job or a job location last year? You may be entitled to an “above-the-line” deduction for your unreimbursed moving expenses.
February 26, 2013
NEW YORK (BankingMyWay) — Most taxpayers will get a tax refund this year, to the tune of...
February 21, 2013
We all love to hear the news that we will receive a tax refund. Unfortunately, there are times when we end up owing taxes rather than receiving refunds. However, there are specific reasons as to why people end up owing taxes on any particular...
February 21, 2013
You do. That is, if hope to take a child-care credit on your income tax return without running into problems with the IRS.
February 20, 2013
There are two types of tax deductions. “Above the line” deductions are claimed on Page 1 of Form 1040 and reduce Adjusted Gross Income. “Below the line” deductions are claimed on Page 2 of the 1040 and reduce Taxable Income. The “line” is your...